Xero just came out swinging at Xerocon Nashville. Looks like they're finally ready to play ball in the US market. ⚾️
In Episode 398 of The Accounting Podcast, David and I break down all the details. Here's what you need to know:
US-style bank reconciliations are here. Yes, you read that right. Xero's finally giving us the traditional bank rec feature US accountants have been asking for.
Bill pay with BILL is now embedded. No more app-switching headaches. This could be a game-changer for efficiency.
AI has entered the chat. JAX (Just Ask Xero) is their new AI assistant. Will it be actually useful? We'll see.
Xero also plans to double its business. They're calling it the "Three by Three" initiative. Meanwhile, Intuit is busy chasing the mid-market. Could this be Xero's chance to grab some serious US market share?
Speaking of Intuit, Morgan Stanley just downgraded the stock. Why? The analyst thinks they’re relying too heavily on price hikes to drive growth.
We also tackled some listener questions about breaking into the accounting industry. The takeaway: public accounting isn't the only path to success.
We also couldn't resist diving into the bizarre case of Mike Lynch, the British tech entrepreneur who vanished after his luxury yacht sank off Sicily.
Want all the details? Listen to the full episode: https://accounting.show/398
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